The acquisition case of Upbit's parent company Dunamu is progressing, and Naver's board will make the final confirmation next week

According to market news, South Korea's largest portal site Naver is expected to confirm its acquisition plan for Dunamu at a board meeting scheduled for next week. Dunamu is the operator of Upbit, South Korea's largest cryptocurrency exchange.

Insiders revealed that Dunamu plans to hold a board meeting on November 26 to confirm the specific details of the acquisition plan. It is reported that Naver intends to promote a comprehensive stock swap through its fintech subsidiary Naver Financial, making Dunamu a wholly-owned subsidiary, with the aim of expanding its business layout in the digital finance sector.